CleanSpark shares slide after reporting $378M fiscal second quarter loss
CleanSpark posted a $378.3 million net loss in its fiscal second-quarter results, more than double the prior year, with nearly 60% tied to Bitcoin price declines.
Bitcoin miner CleanSpark (CLSK) recorded a net loss of $378.3 million in its fiscal second quarter, more than doubling the $138.8 million loss reported in the same period a year ago, largely due to a sharp drop in Bitcoin’s price.
On Monday, the Las Vegas-based miner disclosed the results for the quarter ended March 31, 2026. It reported a $224.1 million loss tied to the fair value of its Bitcoin holdings, accounting for nearly 60% of the total quarterly loss. The company held $925.2 million worth of BTC at quarter’s end.
It reported a fiscal second-quarter net loss of $1.52 per basic share, widening from a loss of $0.49 a year earlier. Revenue for the quarter ended March 31 was $136.4 million, down from $181.7 million a year earlier.